『POWERS』のカバーアート

POWERS

POWERS

著者： Chris Powers
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【Amazonプライム会員限定】今ならプレミアムプランが4か月 月額99円。

10月19日まで。※適用条件あり
Conversations with the best founders, entrepreneurs, and investors.2026 マネジメント・リーダーシップ リーダーシップ 個人ファイナンス 政治・政府 経済学
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  • Inside Hunt Companies: From Military Housing to $37B Holding Company with Woody Hunt (#433)

    Inside Hunt Companies: From Military Housing to $37B Holding Company with Woody Hunt (#433)
    2026/10/14
    In this episode, Chris sits down with Woody Hunt, Chairman Emeritus of Hunt Companies, the El Paso holding company that grew out of a hardware and building materials business his family bought in 1947. Woody joined in 1968 and watched his father take the company public when he was 23. Five years later, fixed-price contracts in a year of runaway inflation cost it about 25% of its equity, and by 1977 he was the controlling shareholder. When the next big shock came in 2008, Hunt had been building cash for five years. As a fellow El Pasoan, Chris has followed Woody's journey for years. They get into what each of those moments taught Woody about scaling, risk, liquidity, leading boards, and building a company that doesn't depend on him. They discuss:• The Friday a buyer walked away from a $250 million deal• How deflation in 2008 made his construction backlog more profitable• What has to be true before he buys a company• Why he sold a profitable company that needed 10,000 employees• Why a business shouldn't be tied to its owner's life cycle• What separates an exceptional board from a weak one• Why he's careful about who he asks questions• Why he wants El Paso to welcome data centers Timestamps:(00:00) Intro(01:05) How Hunt Grew from a $50,000 Hardware Store(07:18) Going Public at 23 and Breaking Into Military Housing(14:11) How Inflation Wiped Out 25% of Hunt's Equity in 1974(18:44) The 1977 Buyback and the Pivot to Niche Housing(25:08) How Hunt Won 60% of the Military Housing Market(32:37) Military Housing Goes from $500 Million to $10 Billion a Year(36:33) How Hunt Came Out of 2008 with Record Cash(41:34) Why Hunt Diversified as Military Housing Ran Out(48:39) What Has to Be True to Buy or Sell a Company(54:21) Why a Business Shouldn't Be Tied to the Owner's Life Cycle(59:19) What Separates an Exceptional Board from a Weak One(1:05:44) Why Raising Third-Party Capital Is Hunt's Hardest Challenge(1:10:07) How to Spot a High-Functioning Board in One Meeting(1:13:53) Why a Controlling Shareholder Has to Be Careful What He Asks(1:19:39) Why Woody Checks Liquidity Every Day(1:21:55) Why El Paso Shouldn't Push Data Centers Away(1:26:36) The Long-Term Pitch for El Paso === Presented by Juniper Square: Juniper Square is the operations partner for GPs in private equity, venture capital, oil and gas, real estate, and infrastructure. It brings technology, data, and administration together on one governed source of truth you own, so your team spends less time reconciling and more time running the firm your LPs are backing. Learn more at https://www.junipersquare.com/powers === Sponsored by: Collateral PartnersCollateral Partners builds institutional-grade investor materials for private credit, private equity, real estate, and family office firms, the kind of marketing collateral that helps you close capital. Learn more at https://collateral.com/powers Relay Human CloudRelay Human Cloud gives you pre-vetted, fully managed global talent for up to 75% less than hiring locally. Your best people stop doing repetitive work and get back to the work that moves your company forward. Learn more at https://www.relayhumancloud.com/powers === Chris on Social Media:X: https://x.com/fortworthchrisInstagram: https://www.instagram.com/thepowerspodcastLinkedIn: https://bit.ly/45gIkFd Watch POWERS on YouTube: https://bit.ly/3oynxNXVisit our website: https://www.powerspod.com/Leave a review on Apple: https://bit.ly/45crFD0Leave a review on Spotify: https://bit.ly/3Krl9jO
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    1 時間 30 分
  • How To Workout Distressed Real Estate Debt with Shlomo Chopp (#432)

    How To Workout Distressed Real Estate Debt with Shlomo Chopp (#432)
    2026/09/30
    This week Chris sits down with Shlomo Chopp, Founder of Case Equity Partners. His job is helping real estate owners get out of or restructure loans they can't pay. Shlomo got into this after an attorney told him to read the CMBS loan documents, and he read them cover to cover. Today his clients range from owners with a couple million dollars of debt to an $800 million capital stack. They get into what is actually in a modern loan document, and what a borrower should do before the lender starts looking. They discuss:• Why 2008 did not play out like the savings and loan crisis• How a non-recourse loan turns into full recourse• How a payment due on a holiday can lock up your cash• How to study your loan documents before the next deal• Why an underwater property is the borrower's biggest leverage• Why Shlomo thinks the worst has already happened• Where Shlomo would put $50 million today Timestamps(00:00) Intro(01:03) Why the Savings and Loan Playbook Failed in 2008(08:18) How Loan Documents Got Tougher After 2008(16:12) Why You Should Model Every Clause in Your Loan Documents(22:16) Which Lenders Hide Full Recourse in the Fine Print(25:21) How to Learn and Negotiate Your Loan Documents(32:18) What's Usually Gone Wrong by the Time a Borrower Calls(39:54) A Borrower's Leverage in a Loan Workout(44:09) Restructuring a Loan When You're Out of Cash(49:36) The Game Theory of Negotiating With Your Lender(53:14) A Good Operator Is Not the Same as a Good GP(54:53) Why Office and Multifamily Are Seeing the Most Distress(1:01:17) How Lenders' View of Office Has Shifted(1:03:26) Why the Worst of the Distress Is Already Here === Presented by Juniper Square: Juniper SquareJuniper Square is the operations partner for GPs in private equity, venture capital, oil and gas, real estate, and infrastructure. It brings technology, data, and administration together on one governed source of truth you own, so your team spends less time reconciling and more time running the firm your LPs are backing. Learn more at https://www.junipersquare.com/powers === Sponsored by: Collateral PartnersCollateral Partners builds institutional-grade investor materials for private credit, private equity, real estate, and family office firms, the kind of marketing collateral that helps you close capital. Learn more at https://collateral.com/powers Relay Human CloudRelay Human Cloud gives you pre-vetted, fully managed global talent for up to 75% less than hiring locally. Your best people stop doing repetitive work and get back to the work that moves your company forward. Learn more at https://www.relayhumancloud.com/powers === Chris on Social Media:X: https://x.com/fortworthchrisInstagram: https://www.instagram.com/thepowerspodcastLinkedIn: https://bit.ly/45gIkFd Watch POWERS on YouTube: https://bit.ly/3oynxNXVisit our website: https://www.powerspod.com/Leave a review on Apple: https://bit.ly/45crFD0Leave a review on Spotify: https://bit.ly/3Krl9jO
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    1 時間 8 分
  • The Art & Science of Developing Iconic Retail Properties with Terry Montesi (#431)

    The Art & Science of Developing Iconic Retail Properties with Terry Montesi (#431)
    2026/09/23
    This week Chris sits down with Terry Montesi, Founder and CEO of Trademark Property Company, a Fort Worth developer of retail and mixed-use real estate he started in 1992. Terry was last on the show in 2019, in the middle of what the business was calling the retail apocalypse. They have closed four retail deals in the last 30 days, more than they have ever closed in a month, and Terry now says retail is the best asset class in the country. They get into why almost no new retail space got built for 17 years, what that shortage is doing to rents, and his playbook for creating value at each of his centers. They discuss:• Why almost no new retail space got built for 17 years• Why retailers started volunteering higher rents on their own• The call from a city manager offering to cover a $5 million gap• How a pop fountain landed Tommy Bahama as a tenant• What one grocery lease did to the returns on an entire project• Why he turned down the chance to take the company public• What he is doing to make sure Trademark outlasts him Timestamps:(00:00) Intro(00:54) How Retail Went from Apocalypse to Top Asset Class(05:31) Why Retail Vacancy Is Down to 4.4%(09:49) How Arlington Helped Trademark Win Lincoln Square(16:15) Picking Tenants with Demographics and Expected Distance(21:15) Why Tenant Build-Out Costs Have Doubled(23:44) The Tommy Bahama Deal That Proved Placemaking Pays(31:08) Dunham Point and Landing Whole Foods Late(37:09) Why Trademark Never Became a REIT(41:54) Getting Back into Development and Launching Multifamily(49:33) The Southlake Deal and an $18 Million City Incentive(54:17) Why Capital Chases Grocery-Anchored Retail(58:45) Succession Planning and Keeping Trademark Independent === Presented by Juniper Square: Juniper SquareJuniper Square is the operations partner for GPs in private equity, venture capital, oil and gas, real estate, and infrastructure. It brings technology, data, and administration together on one governed source of truth you own, so your team spends less time reconciling and more time running the firm your LPs are backing. Learn more at https://www.junipersquare.com/powers === Sponsored by: Collateral PartnersCollateral Partners builds institutional-grade investor materials for private credit, private equity, real estate, and family office firms, the kind of marketing collateral that helps you close capital. Learn more at https://collateral.com/powers True North AdvisorsTrue North Advisors is a multi-family office and private wealth advisory firm serving business owners, entrepreneurs, and families since 2000. With over $5.6 billion under management, they're real investors offering conflict-free counsel and portfolios built around your life. Learn more at https://truenorthadvisors.com Relay Human CloudRelay Human Cloud gives you pre-vetted, fully managed global talent for up to 75% less than hiring locally. Your best people stop doing repetitive work and get back to the work that moves your company forward. Learn more at https://www.relayhumancloud.com/powers === Chris on Social Media:X: https://x.com/fortworthchrisInstagram: https://www.instagram.com/thepowerspodcastLinkedIn: https://bit.ly/45gIkFd Watch POWERS on YouTube: https://bit.ly/3oynxNXVisit our website: https://www.powerspod.com/Leave a review on Apple: https://bit.ly/45crFD0Leave a review on Spotify: https://bit.ly/3Krl9jO
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    1 時間 1 分
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